• Title/Summary/Keyword: Price Dispersion

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The Changing Industrial Location Factors in Korea: A Review on Structural Approach (우리 나라산업입지 변화요인 분석: 구조적 접근)

  • 김재철
    • Journal of the Economic Geographical Society of Korea
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    • v.2 no.1_2
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    • pp.27-45
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    • 1999

  • Recently, the changes of industrial location can be explained as the concentration of small and medium manufacturing firms or high technology industries by industrial restructuring in Seoul metropolitan area, and the dispersion of large companies'branch plant into the peripheral region in Korea. Particularly deindustrialization is progressing in the inner city and manufacturing firms disperse into the outer city in Seoul metropolitan area. This study reviews on the structural perspectives for the changing industrial location factors. The development of capitalism organizes economic spacial structures and Its characteristics can be reasons which can raise changes in industrial location. Korean economy rapidly grew in the movement process of international capital. And capital accumulation by continuous economic growth is raising the spatial division of labor or the spatial difference and inequality on land price, wages. the base of labor reproduction. Therefore, these factors are the most reasons to raise the changes of industrial location in Korea. Hereafter the study on these factors, that is, in relation to sociocultural structure and land use structure have to be progress more concretely.

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Portfolio of Real Estate Price Index for ICT Environment Study on Diversification Effect (ICT 환경에서 부동산 가격지수 포트폴리오 분산효과에 관한 연구)

  • Jang, Dae-Seub;Min, Guy-Sik
    • The Journal of the Korea institute of electronic communication sciences
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    • v.9 no.3
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    • pp.393-402
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    • 2014

  • ICT environment to the survey released by the Bureau of Statistics 2012 Household Finance. Korean Welfare survey 24.9% of all households in financial assets, real estate is about three times more than 69.9%, respectively. The problem is that the information is slow and income deciles(deciles 1-4), a relatively high proportion of households with low(78.8 to 69%) of the real estate assets of the expansion of the world economy with low growth and low uncertainty, work from home due to the information changes in the structure of the economy, such as increases in real estate prices remain exposed to the risk of a phenomenon such as Pour House Pour Talent and low-income people is bound to be more serious symptoms. This low correlation is by constructing a composite asset portfolio, the weighted average risk of the individual assets while increasing overall revenue decrease that risk is based on the principle of portfolio by type and different areas in the ICT environment in a portfolio of real estate price index low correlation to financial assets by including the effect of dispersion stable complex asset portfolio and empirical Growth was divided.

  • https://doi.org/10.13067/JKIECS.2014.9.3.393 인용 PDF KSCI

Bibliographic Use and Scatting of Foreign Academic Journal in Library and Information Science (문헌정보학분야의 외국학술잡지 이용빈도와 이용분포에 관한 연구 - 박사학위 논문을 중심으로 -)

  • Hong, Ki-Churl
    • Journal of the Korean Society for Library and Information Science
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    • v.35 no.3
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    • pp.35-54
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    • 2001

  • The Libraries are face to difficult of academic journal subscription for the increasing price of journal and the increasing number of journal. Bibliographic citation analysis is one of method of evaluating the use of a journal collection. This study is used bibliographic use and scatting of foreign academic journal in Library and Information Science found in doctorial dissertation of graduate students in Seoul city, for serve to complement another method of journal evaluation. Journal selection and cancellation may be done on the basis to dispersion of journal citation to usefulness of journal subscription in the library budget. But the library should not rely on one single evaluation technique, it should take advantage of combination technique.

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Corporate Social Responsibility and Information Asymmetry in the Korean Market: Implications of Chaebol Affiliates

  • Yoon, Bohyun;Lee, Jeong-Hwan
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.1
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    • pp.21-31
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    • 2019

  • This paper examines how corporate social responsibility is related to the degree of asymmetric information in the Korean financial market. Recent theory argues that there is a negative relationship between a firm's corporate social responsibility and its information asymmetry. To test this hypothesis, we use the environment, social and governance (ESG) score, published by the Korean Corporate Governance Service, to proxy a firm's management practices toward socially responsible activities. In the entire sample of the Korean firms, we find contrasting results; the ESG score shows negative relationships with the price impact measure but statistically insignificant relationships with the dispersion of analyst forecasts. However, the ESG score shows negative relationships with both measures when we exclude chaebol affiliates from the sample. These findings are robust when we examine environmental, social and corporate governance scores separately. This set of results argues for the extant theory, expecting a negative relationship between a firm's engagement in corporate social responsibility and asymmetric information. It further argues for the importance of firm characteristics in determining the influence of socially responsible activities.

  • https://doi.org/10.13106/jafeb.2019.vol6.no1.21 인용 PDF HTML

A Study on the Taxation Equity between Non-Residential Real Estate and Apartment Houses (비주거용 부동산과 아파트의 과세형평성에 관한 연구)

  • Im, Dong Heok;Choi, Min Seub
    • Korea Real Estate Review
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    • v.27 no.3
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    • pp.87-102
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    • 2017

  • The purpose of this study was to compare the taxation equity of non-residential collective real estate based on its standard market prices set by National Tax Service and those for taxation set by the Ministry of Government Administration and Home Affairs with that of the apartment houses in Seoul, South Korea. The study findings were as follows. First, the analysis results of the standard market price rates of non-residential collective real estate pointed to a huge gap in the assessment rate (AR) of the taxation standards among the Gu offices. Second, there was a big coefficient of dispersion (COD) in the standard market prices of non-residential collective real estate, which confirmed the presence of horizontal inequity. Finally, there was regressive vertical inequity, which leads to the undervaluation of high-value assets, in the standard market prices of non-residential collective real estate. The evaluation of the standard market prices of non-residential collective real state should thus reflect the market prices and the addition and assessment of the land and buildings to achieve taxation equity. Based on these findings, it is hoped that this study will make a significant contribution to the improvement of the official announcement system for non-residential real estate based on real transactions during the shift to such system.

Locational Characteristics and Regional Linkages of Manufacturing Industry in Eumsung County, Korea (음성군 공업의 입지적 특성과 지역연계)

  • Hong, Sook;Kim, Hak-Hoon
    • Journal of the Economic Geographical Society of Korea
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    • v.4 no.2
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    • pp.1-22
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    • 2001

  • The object of this research is to explain types and factors of locations and regional linkages of manufacturing firms in rural areas using Eumsung County as a case of rural areas. Eumsung County is now vigorously industrializing owing to the government policy dispersing factories in the Capital region. The results of the survey conducted on industrial firms in Eumsung County through questionnaires reveal that individual sites are dominantly preferred by factory owners in comparison to the designated industrial complexes because the former is cheaper in land price. The main factors of industrial location in Eumsung County are cheap land cost, convenient highway accessibility, and the dispersion policy of the Capital region. In terms of the regional linkage, the proportion of the linkage with other regions is larger than that within the local region in case of purchasing raw materials, but the linkage with other regions is lower than that within the local regions in case of selling products. Also most white collar employees in Eumsung County were revealed to reside in and around the Capital region. In order to develop and maintain industrial firms in rural areas so as to avoid "dependency development," efforts for improving of the linkages between the local firms and expanding of social overhead capital are necessary.necessary.

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The Study on the Fitness Evaluation of Panty for Elderly Women (노년 여성의 팬티 치수적합성에 관한 연구)

  • Lee, Hyo-Jin;Kim, Jin
    • Journal of the Korean Society of Clothing and Textiles
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    • v.31 no.2 s.161
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    • pp.177-188
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    • 2007

  • The purpose of this study was to provide basic materials for the brief patterns and design development for the elderly women to select number 1 to 3 brands according to their brand preference surveying the elderly women with average shapes, and to compare and analyze the exterior fit and functionality. Accordingly, this study proposed basic materials needed for panty pattern suitable for average shapes of the elderly women. The results of the study are as follows: 1 . Looking into the style, they preferred white the best. Regarding the patterns, almost half preferred patterns and rest of them did not. With the panty with patterns, they wanted small and implicit flower patterns. The design they liked was midi, maxi and then mini in order. When looking into the brands, they preferred 'Company B', 'Company SS', 'Company SY', and then market products. The reason why they selected those panty was feeling of fitness, price and then material. 2. To classify the figures of elderly women, we grouped the subjects with strata method using minimal dispersion method. Type 1 is the average, type 2 is for obese women and type 3 is slender women. 3. 3 brands were selected that were produced using CM 40's and elderly women preferred best. When executing wearing test on two elderly women who have average figure according to the body measures in previous study and body measure of Size Korea total exterior evaluation score was Company A, B and C in order.

  • https://doi.org/10.5850/JKSCT.2007.31.2.177 인용 PDF KSCI

Analysis of Regional Space Structure of Chungcheong Region through Land Prices (지가를 통한 충청권의 지역공간구조분석)

  • Kim, Yong Hee
    • Journal of the Korean association of regional geographers
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    • v.20 no.4
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    • pp.409-424
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    • 2014

  • This study has analyzed the situation and space structure of Chungcheong Region using the variables of land prices. The total amount of land prices of Chungcheon Region was 950 trillion KRW as of December 2013, showing that it has increased by 6.46 times compared to 147 trillion KRW of 1980, which was the time of initial analysis. As a result of analyzing the dynamic changes in the region based on the land prices from 1980 through 2013, there were significant changes in the space structures only in the 1980s. The analysis of centrality based on the land prices of Chungcheong Region has shown that the center of Chungcheong Region was to the northeast of Sejong City in the 1980s and moved to the right with the rise in the land prices of Daejeon Region. The standard deviation of distance showed concentration around Daejeon entering the 1990s from the 1980s, and almost no concentration has been found after that.

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Health Inequality of Local Area in Seoul : Reinterpretation of Neighborhood Deprivation (서울시 소지역 건강불평등에 관한 연구 : 지역박탈에 대한 재해석)

  • Kim, HyoungYong;Choi, Jinmu
    • Journal of the Korean association of regional geographers
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    • v.20 no.2
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    • pp.217-229
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    • 2014

  • This study was performed to identify neighborhood deprivation indicators associated with health and to test the contextual effects of those indicators on individual health. This study calculated SMR based on Dong district and see the differences of prediction across deprivation index and indicators. Then, a multi-level analysis using HGLM was conducted to test the contextual effect of neighborhood depreivation indicators on health after controlling for demographic and socioeconomic status of individuals. The results showed that regional SMR had strong correlations with land price, education, welfare recipients, female household proportion in Dong district but failed to show the correlation with individual health and neighborhood deprivation. Individual health was only associated with individual level of demographic and socioeconomic status. That is, spatial dispersion of illness is understood as the distribution of social classes in terms of socioeconomic status of individuals, not the contextual aspects of community.

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The Impact of Market Environments on Optimal Channel Strategy Involving an Internet Channel: A Game Theoretic Approach (시장 환경이 인터넷 경로를 포함한 다중 경로 관리에 미치는 영향에 관한 연구: 게임 이론적 접근방법)

  • Yoo, Weon-Sang
    • Journal of Distribution Research
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    • v.16 no.2
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    • pp.119-138
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    • 2011

  • Internet commerce has been growing at a rapid pace for the last decade. Many firms try to reach wider consumer markets by adding the Internet channel to the existing traditional channels. Despite the various benefits of the Internet channel, a significant number of firms failed in managing the new type of channel. Previous studies could not cleary explain these conflicting results associated with the Internet channel. One of the major reasons is most of the previous studies conducted analyses under a specific market condition and claimed that as the impact of Internet channel introduction. Therefore, their results are strongly influenced by the specific market settings. However, firms face various market conditions in the real worlddensity and disutility of using the Internet. The purpose of this study is to investigate the impact of various market environments on a firm's optimal channel strategy by employing a flexible game theory model. We capture various market conditions with consumer density and disutility of using the Internet.

    shows the channel structures analyzed in this study. Before the Internet channel is introduced, a monopoly manufacturer sells its products through an independent physical store. From this structure, the manufacturer could introduce its own Internet channel (MI). The independent physical store could also introduce its own Internet channel and coordinate it with the existing physical store (RI). An independent Internet retailer such as Amazon could enter this market (II). In this case, two types of independent retailers compete with each other. In this model, consumers are uniformly distributed on the two dimensional space. Consumer heterogeneity is captured by a consumer's geographical location (ci) and his disutility of using the Internet channel (${\delta}_{N_i}$).
    shows various market conditions captured by the two consumer heterogeneities.
    (a) illustrates a market with symmetric consumer distributions. The model captures explicitly the asymmetric distributions of consumer disutility in a market as well. In a market like that is represented in
    (c), the average consumer disutility of using an Internet store is relatively smaller than that of using a physical store. For example, this case represents the market in which 1) the product is suitable for Internet transactions (e.g., books) or 2) the level of E-Commerce readiness is high such as in Denmark or Finland. On the other hand, the average consumer disutility when using an Internet store is relatively greater than that of using a physical store in a market like (b). Countries like Ukraine and Bulgaria, or the market for "experience goods" such as shoes, could be examples of this market condition. summarizes the various scenarios of consumer distributions analyzed in this study. The range for disutility of using the Internet (${\delta}_{N_i}$) is held constant, while the range of consumer distribution (${\chi}_i$) varies from -25 to 25, from -50 to 50, from -100 to 100, from -150 to 150, and from -200 to 200.
    summarizes the analysis results. As the average travel cost in a market decreases while the average disutility of Internet use remains the same, average retail price, total quantity sold, physical store profit, monopoly manufacturer profit, and thus, total channel profit increase. On the other hand, the quantity sold through the Internet and the profit of the Internet store decrease with a decreasing average travel cost relative to the average disutility of Internet use. We find that a channel that has an advantage over the other kind of channel serves a larger portion of the market. In a market with a high average travel cost, in which the Internet store has a relative advantage over the physical store, for example, the Internet store becomes a mass-retailer serving a larger portion of the market. This result implies that the Internet becomes a more significant distribution channel in those markets characterized by greater geographical dispersion of buyers, or as consumers become more proficient in Internet usage. The results indicate that the degree of price discrimination also varies depending on the distribution of consumer disutility in a market. The manufacturer in a market in which the average travel cost is higher than the average disutility of using the Internet has a stronger incentive for price discrimination than the manufacturer in a market where the average travel cost is relatively lower. We also find that the manufacturer has a stronger incentive to maintain a high price level when the average travel cost in a market is relatively low. Additionally, the retail competition effect due to Internet channel introduction strengthens as average travel cost in a market decreases. This result indicates that a manufacturer's channel power relative to that of the independent physical retailer becomes stronger with a decreasing average travel cost. This implication is counter-intuitive, because it is widely believed that the negative impact of Internet channel introduction on a competing physical retailer is more significant in a market like Russia, where consumers are more geographically dispersed, than in a market like Hong Kong, that has a condensed geographic distribution of consumers.
    illustrates how this happens. When mangers consider the overall impact of the Internet channel, however, they should consider not only channel power, but also sales volume. When both are considered, the introduction of the Internet channel is revealed as more harmful to a physical retailer in Russia than one in Hong Kong, because the sales volume decrease for a physical store due to Internet channel competition is much greater in Russia than in Hong Kong. The results show that manufacturer is always better off with any type of Internet store introduction. The independent physical store benefits from opening its own Internet store when the average travel cost is higher relative to the disutility of using the Internet. Under an opposite market condition, however, the independent physical retailer could be worse off when it opens its own Internet outlet and coordinates both outlets (RI). This is because the low average travel cost significantly reduces the channel power of the independent physical retailer, further aggravating the already weak channel power caused by myopic inter-channel price coordination. The results implies that channel members and policy makers should explicitly consider the factors determining the relative distributions of both kinds of consumer disutility, when they make a channel decision involving an Internet channel. These factors include the suitability of a product for Internet shopping, the level of E-Commerce readiness of a market, and the degree of geographic dispersion of consumers in a market. Despite the academic contributions and managerial implications, this study is limited in the following ways. First, a series of numerical analyses were conducted to derive equilibrium solutions due to the complex forms of demand functions. In the process, we set up V=100, ${\lambda}$=1, and ${\beta}$=0.01. Future research may change this parameter value set to check the generalizability of this study. Second, the five different scenarios for market conditions were analyzed. Future research could try different sets of parameter ranges. Finally, the model setting allows only one monopoly manufacturer in the market. Accommodating competing multiple manufacturers (brands) would generate more realistic results.

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